April 8, 2019 -- Gold and silver prices finished last week unchanged from where they began. The metals managed to hold ground despite strength in the equities markets and in FX markets where the dollar moved higher.

The monthly employment report for March showed slightly better growth than economists predicted.

This week, investors will be watching data on factory output and sentiment. The Fed will also release the minutes from the late January meeting.

President Donald Trump is apparently planning to nominate former presidential candidate Herman Cain to fill a vacancy on the Fed’s Board of Governors. Sources say the announcement should be coming soon.

Cain’s past support for honest money and even some type of gold standard is encouraging. However, the President is advocating the Fed do even more to debase the dollar. Perhaps Cain is willing to abandon his sound money principles to secure the position.

We’ve seen that before with Alan Greenspan. He was an ardent supporter of gold before and after -- but not during -- his tenure as Fed Chairman.



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